Alstom: Potential new orders for struggling train firm [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
The manufacturer said the order could "help secure the future of" its Litchchurch Lane site in Derby. Alstom said in April it was reopening a redundancy consultation at the site. No contracts have been signed yet but all parties agreed to conclude discussions by May. Alstom's Group CEO travelled to the UK from France on Tuesday to meet Transport Secretary Mark Harper, as well as plus Alstom's Europe and UK managing directors. The potential order being discussed would not be a new contract, but would use a clause within the existing Elizabeth Line contract to produce more trains. A total number of trains has not been revealed, however Alstom said previously that 10 trains would be the minimum order needed to keep the Derby site producing them. In a letter to Derby North MP Amanda Solloway shared on X on Tuesday, Mr Harper said the Department for Transport (DfT) had "secured in principle" to support funding for give further Elizabeth Line trains in addition to five trains c
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